Factors driving demand for petroleum hydrocarbon resin market|Top Players- Gautam Zen International, Eastman, Qingdao Bater Chemical

According to the predictions made in the latest report by Quince Market Insights, growing demand from end-use industry applications in emerging regions and company-led promotion of application-specific grades is expected to drive the Petroleum Hydrocarbon Resin Market over the forecast period. The sector has seen a number of key advances in introducing similar grade technologies and aggressive acquisitions by companies in developing regions to improve its market position in the global marketplace.

Some of the other key factors that control the competitiveness of the market include regulatory situation, exchange rates, environmental constraints, etc.

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What are Petroleum resins and what are their applications?

Petroleum resins are amorphous polymers derived from low molecular weight synthetic processes and is often used to improve the conformity and stability properties of larger polymers. The increase in supply for petroleum resins from the building and manufacturing sectors is expected in fuel market growth worldwide.

The application of adhesives & sealants is expected to hold the largest market share in terms of value relative to onshore use as petroleum hydrocarbon resins are commonly used to provide chemical resistance, adhesion, and pressure-resistant properties in the building and manufacturing industry, automobile, personal hygiene, and rubber.

Since variables such as petroleum resins act as a binder resin, the oils & coatings application group is expected to significantly broaden and offer numerous benefits including fast cleaning, alkali strength, and abrasion proofing. Furthermore, the element reduces paint shine and improves adhesion, hardness, and strength of alkali and acids.

Significant Factors Impacting Market Growth:
o Growing demand for low-voc, renewable and safe oil resins
o Responsibility for near alternatives such as rosin resin
o Fluctuating raw material prices
Regional segmentation and analysis to understand growth patterns

The international petroleum hydrocarbon resin business forecast segment offers demand forecasts along with associated market dynamics for the region-wise. This report also provides additional information on market segments on a regional basis and country-wise viewpoint. North America, Western Europe, Asia Pacific, Middle East, Eastern Europe and the rest of the world are the main regions included in this study. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries.

North America and Western Europe are expected to lead overall demand by area, with a developed industrial sector making a significant contribution towards the respective economies. Some of this region's major industries include manufacturing, heavy machinery, building & design, aerospace & defense, mining and so on. During the forecast period, this industry is projected to experience steady growth in North America and Western Europe region.

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The Middle East and Eastern Europe are projected to be possible markets for industrial sector development in the region, with countries including the UAE, Russia, Saudi Arabia, Turkey, and Qatar. During the forecast period, the rest of the world containing South America and Africa are expected to be developing regions for the demand in petroleum hydrocarbon resins.

The report provides insights about activities of top companies: Gautam Zen International, Eastman, Qingdao Bater Chemical, LESCO CHEMICAL LIMITED, PuyangChangyu Petroleum Resins, Credrez, HIGREE, China Mk Group, Cray Valley S.A., Neville Chemical.

Market Segmentation:

By Type:

o Aliphatic C5 Resins
o Aromatic C9 Resins
o Hydrogenated Hydrocarbon Resins
o C5/C9 Resins

By Application:

o Adhesive & Sealants
o Pressure Sensitive Adhesives (PSA)
o Hot Melt Adhesives (HMA)
o Paints & Coatings
o Printing Inks
o Rubber Compounding
o Tapes & Labels
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Application

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Application

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Application
Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Type
o By Application

Reasons to Buy This Report:

o Market size estimate of the regional and global market for petroleum hydrocarbon resin
o The specific research design for market size estimates and forecasting
o Profiling of major companies working in the market with recent innovations
o Broad scope to reach all potential segments benefiting each industry stakeholder

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.